Citigroup
Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.
In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems.
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Citi unveils 12-week sabbatical leave programme for long-time employees
The programme is available to employees in Singapore, Hong Kong, and Japan initially.
Citi launches its Sustainable Trade and Working Capital Loans solution
It aims to give liquidity for international trade finance activities and other commercial activities.
Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion
It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.
Citi names new head of Global Subsidiaries Group for APAC
And the search for a new head of corporate banking for Australia and New Zealand is on.
Weekly Global News Wrap: Morgan Stanley’s top performers get 20% bonus raise; Credit Suisse files insurance claims worth $1.17b
And Mexico alert on antitrust implications for local Citi consumer franchise asset sale.
UOB buys Citi’s retail businesses in 4 SEA markets for US$3.65b
UOB is paying for the net asset value plus a premium of US$690m.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Citi Vietnam appoints new country officer
Ramachandran A.S. will oversee Citi’s operations and serve as main regulatory representative.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
Citi hiring 100 roles to boost blockchain, digital assets expertise
The bank has also unveiled three new senior roles.
Citi raises record $40b sustainable financing for APAC clients in 2021 YTD
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
Weekly Global News Wrap: Wells Fargo fined for overcharging commercial clients; Citi charged $1m for swap data violations
And investors are getting $400m from Credit Suisse supply chain funds.
Citi APAC appoints head of sustainability & corporate transactions for BCMA group
Rapheal Mun will relocate from Singapore to London for her new role.
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